Componenta sells Vesiterm's business ope

Componenta Corporation STOCK EXCHANGE RELEASE 16.6.2004 at 2 p.m.

Componenta sells Vesiterm's business operations

Componenta has sold the business operations of Tallinn-based
Vesiterm AS in an MBO to the company's operative management. The
company is being purchased by Antti Lehtonen, chairman of
Vesiterm's Board of Directors, and managing director Jüri Ummer.
The price is approximately EUR 110,000, and in addition to this
Vesiterm retains external liabilities of EUR 230,000. Componenta
is not recording a profit on the transaction.

Vesiterm's operations will transfer to the new ownership on 16
June 2004. Business operations will continue unchanged and the
company's personnel will retain their existing employee status.
Jüri Ummer continues as managing director.

Vesiterm has specialized in selling water and heating system
accessories in Estonia. In 2003 it had net sales of EEK 20
million and 11 employees. Vesiterm has been part of Componenta
Group since 1993.

The sale of Vesiterm is in line with Componenta's strategy of
focusing on core business operations and divesting non-core
business.

Helsinki, 16 June 2004

COMPONENTA CORPORATION



Heikki Lehtonen
President and CEO


FURTHER INFORMATION

Heikki Lehtonen
President and CEO
tel +358 9 225 021

Kimmo Virtanen
CFO
tel +358 9 225 021